Using a Three-Month Moving Average,the Forecast Value for October Made

question 8

Multiple Choice

Using a three-month moving average,the forecast value for October made at the end of September in the following time series would be ___.

• A)11.60
• B)10.00
• C)9.07
• D)8.06
• E)9.67

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Definitions:

Standard Costs

Predetermined costs of manufacturing a single unit of product, used for budgeting and performance evaluation.